We are happy to have taken part in a project with the ESCP Business School during which students used VIVA Sotheby’s International Realty as their case study for an International Consultancy Project.
The ESCP Business School was founded in Paris and has expanded throughout Europe with campuses in Paris, Madrid, London, Berlin, Turin, and Warsaw. It is consistently ranked among the best business schools in Europe with its mission being to inspire and educate purpose-driven leaders who will positively impact the world.
This International Consulting Project examined the housing market in Spain as a whole and assessed in more detail the areas of Spain where VIVA Sotheby’s International Realty is based including Madrid, Mallorca, Menorca, Ibiza, Formentera and Costa Blanca.
The project covered different aspects of the housing market including which neighbourhoods are most in demand, type of properties and reasons to invest.
Spain’s housing market
In 2021 Spain’s housing market experienced the largest number of home sales since 2016.
Demand is rapidly increasing. Home sales in Spain climbed by 14.7% in 2022 to 649,494 units, following annual growth of 34.8% in 2021 and year-on-year reductions of 16.9% in 2020 and 2.4% in 2019.
The number of units sold per type of property:
– Existing homes: 532,459 units sold in 2022, up 17.7% from the previous year.
– New housing: 117,035 units sold in 2022, a 2.6% increase over the previous year.
We have offices in several locations around Spain: Madrid, Costa Blanca, Ibiza, Mallorca, Menorca and Formentera. Also, we are present in Galicia, Valencia, Tarragona and the Canary Islands through correspondents so visit or contact us and our team will be happy to help you! You can also head to our website to take a look at our properties in Spain.
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